C3ai Message Board - Msg: 34484445

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Technology Stocks : C3ai

AI 21.30

+0.9%

Sep 6 3:52 PM EDT

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From: Julius Wong	11/20/2023 8:20:13 PM
	1 Recommendation of 122

C3.ai tumbles on report of job cuts Nov. 20, 2023 3:22 PM ET By: Chris Ciaccia, SA News Editor 20 Comments hapabapa C3.ai (NYSE: AI) shares erased earlier gains and fell nearly 6% on Monday amid a report that the enterprise software company is cutting jobs. The job cuts, which happened across multiple departments, happened due in part to employee performance and cost savings, Bloomberg reported. At a meeting on Thursday with employees, a C3.ai ( AI) executive said the layoffs were due to the need for cost cuts, the news outlet added, citing one attendee. C3.ai ( AI) did not immediately respond to a request for comment from Seeking Alpha.

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